Market microstructure in emerging and developed markets

0396075 - NHU-C 2014 RIV US eng M - Část monografie knihy
Hanousek, Jan - Kočenda, Evžen - Novotný, Jan
Intraday price behavior during information arrival in emerging markets.
Market microstructure in emerging and developed markets. Hoboken, N.J: John Wiley & Sons, Inc., 2013 - (Baker, H.; Kiymaz, H.), s. 445-462. ISBN 978-1-118-27844-4
Grant CEP: GA ČR(CZ) GAP403/11/0020; GA ČR(CZ) GBP402/12/G097
Grant ostatní: UK(CZ) UNCE 204005/2012
Institucionální podpora: PRVOUK-P23
Klíčová slova: emerging markets * European Union * price behavior
Kód oboru RIV: AH - Ekonomie

This chapter provides an analysis of the effects of news and market shocks on price formation on emerging European Union (EU) stock markets. These markets are small relative to the mature markets in the EU and are under the substantial influence of both EU and U.S. markets. The findings show that foreign news originating in developed markets dominates any effect of local news or external shocks.
Trvalý link: http://hdl.handle.net/11104/0223988